Calculate the distributive shares of each partner

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Reference no: EM133906192

Problem

In January of the current year, Alice (20%), Becky (30%), and Cathy (50%) are partners in the ABC Partnership. During the current year, ABC reports the results shown in the table below. Get the instant assignment help. Calculate the distributive shares of each partner. For each of the items listed on the table, calculate the distributive shares for each partner (what would be reported on each partner's K-1)

Reference no: EM133906192

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